Public Charity

Innovation Depot Inc

Based in Birmingham, AL, Innovation Depot Inc operates as a Public Charity. The organization reported $4.7M in revenue, $3.9M in expenses, $16.7M in total assets for fiscal year 2024. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $223K.

EIN: 630917530 Birmingham, AL Latest filing: 2024
Total Revenue$4.7M
Total Expenses$3.9M
Total Assets$16.7M
Grant Records6
Funding Total$223K
Filing Years2020–2024

Mission

To incubate and accelerate tech & bio-focused, high growth businessesby providing teams with a proven blueprint for success, support instrategic areas, and access to an inclusive and supportive community.We add value by being a catalyst for growth to our members and partners.

Sample Grants Received

$50,000
2024
COMMUNITY AND ECONOMIC DEVELOPMENT
$38,000
2022
UNRESTRICTED GENERAL SUPPORT
$10,000
$25,000
2018
VCC: VELOCITY ACCELERATOR
$75,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Board Member Akl Hanny
Board Member Bouknight Nathan
Board Member Brown Chris
Board Member Davis Tiffany
Board Member Geisen Jonathan
Chief Executive Officer Gillis Brooke

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$75,000 2 grants
VCC: VELOCITY ACCELERATOR
$75,000 1 grant
COMMUNITY AND ECONOMIC DEVELOPMENT
$38,000 1 grant
ECONOMIC DEVELOPMENT
$25,000 1 grant
UNRESTRICTED GENERAL SUPPORT
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.7M $3.9M $16.7M
2023 $5.7M $3.2M $16.2M
2022 $1.2M $1.8M $14.2M
2021 $3.2M $3.5M $15.8M
2020 $3.1M $3.1M $15.9M

Between 2020 and 2024, reported annual revenue grew from $3.1M to $4.7M (+48%), with total assets most recently reported at $16.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Innovation Depot Inc

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